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re: Career Advice: Keep looking or back to school?
Posted on 11/29/11 at 11:15 am to WhoDatBammer
Posted on 11/29/11 at 11:15 am to WhoDatBammer
FinCen was very active earlier this year (at least as far as issuing regulations, new rules, enforcement etc - not sure about when the hiring occurred). My only concern there is federal budget cuts. The FBAR initiative and voluntary disclosure programs have been an absolute cash cow for the government the past two years. Those have pretty much run their course and by the end of the year all the amnesty is done and the government will shift towards criminal prosecutions. Plus the reporting is expanding (albeit a not significantly next year). I would really expect litigation (criminal) to increase over the next few years as oppossed to the settlements / amnesty the government has been offering. The only question would be whether the people that have been handling the voluntary disclosures are also equiped to handle the criminal litigation. Again, government spending cuts are the main concern there.
This post was edited on 11/29/11 at 11:19 am
Posted on 11/29/11 at 11:26 am to Tiger n Miami AU83
quote:
Tiger n Miami AU83
I would have thought that FBAR would be a little lighter with the new rules that came out in March?
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